IL HB5191 | 2025-2026 | 104th General Assembly

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 5 2026 - 25% progression, died in committee
Action: 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. In provisions concerning the entity-level tax, provides that a partnership making an entity-level tax election may elect to determine its tax base using a full distributive share method or an Illinois-sourced income method. Effective immediately.

Tracking Information

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Title

INC TX-ENTITY BASE

Sponsors


History

DateChamberAction
2026-03-27HouseRule 19(a) / Re-referred to Rules Committee
2026-02-26HouseTo Income Tax Subcommittee
2026-02-24HouseAssigned to Revenue & Finance Committee
2026-02-10HouseReferred to Rules Committee
2026-02-10HouseFirst Reading
2026-02-05HouseFiled with the Clerk by Rep. Margaret Croke

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355201Amended CodeCitation Text

Illinois State Sources


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